Bill Summaries: S386 REGISTERS OF DEEDS/UCC RECORDING FEES.

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  • Bill S 386 (2015-2016)
    Summary date: Aug 12 2015 - View Summary

    AN ACT TO SPECIFY FEES FOR RECORDING INSTRUMENTS GOVERNED BY THE UNIFORM COMMERCIAL CODE WITH REGISTERS OF DEEDS. Enacted April 11, 2015. Effective October 1, 2015.

    Courts/Judiciary, Civil, Civil Law, Court System
    GS 25, GS 161
  • Bill S 386 (2015-2016)
    Summary date: Apr 15 2015 - View Summary

    Senate committee substitute makes the following changes to the 1st edition. 

    Amends GS 161-10(a)(13) to clarify that the fees applying to services related to financing statements or other specified records do not apply to the recording or the satisfaction of a deed of trust or mortgage when it acted as a fixture filing or financing statement covering as-extracted collateral or timber to be cut. 

    Courts/Judiciary, Civil, Civil Law, Court System
    GS 25, GS 161
  • Bill S 386 (2015-2016)
    Summary date: Mar 24 2015 - View Summary

    Amends the uniform fees statute for registers of deeds found in GS 161-10 to provide a fee structure for services related to financing statements or other records, including $38 for filing and indexing financial statements or records with two or fewer pages; for filing and indexing financial statements or records with more than two pages, $45 for the first 10 pages plus $2 for each additional page; and a $38 fee for responding to an information request and other specified communications. Sets out actions and activities to which the above provisions do not apply. 

    Amends GS 25-9-525 making technical, clarifying, and conforming changes.

    Effective October 1, 2015, applying to instruments registered on or after that date. 

    Courts/Judiciary, Civil, Civil Law, Court System
    GS 25, GS 161